TripAdvisor Inc Beats Revenue Estimates, Stock Jumps

Shares of TripAdvisor soared as high as 6.52% to $71.66 per share in after-hours trading after tonight’s earnings release

TripAdvisor released its latest earnings report after closing bell tonight, posting non-GAAP earnings of 35 cents per share or $52 million on $288 million in revenue, a 35% year over year increase. Analysts had been expecting earnings of 37 cents per share on $285.23 million in revenue for the fourth quarter.

In the same quarter a year ago, TripAdvisor reported non-GAAP earnings of 21 cents per share on $212.7 million in revenue.

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Key metrics from TripAdvisor’s earnings report

GAAP earnings were 25 cents per share or $36 million, an 80% year over year increase for the fourth quarter. For the full year, non-GAAP earnings were $1.93 per share or $284 million, a 16% increase, GAAP earnings were $1.55 per share or $226 million. and revenue was $1.246 billion, a 32% increase year over year.

Adjusted EBITDA for the fourth quarter was $98 million, an 88% year over year increase. For the full year, adjusted EBITDA rose to $468 million, a 23% increase year over year.

TripAdvisor’s earnings by segment

TripAdvisor reported $181 million in revenue from click-based advertising for the fourth quarter, a 25% increase from last year, Display-based ad revenue increased 13% to $36 million for the fourth quarter, while Subscription, transaction and other revenue increased 97% year over year to $71 million for the quarter.

The company saw revenue from North America climb 35% compared to the previous year, while revenue from Europe, the Middle East and Africa improved by 39%. Asia Pacific revenue increased 13%, while revenue from Latin America increased 89% year over year. International revenue was 52% of the company’s total revenue.

TripAdvisor President and CEO Steve Kaufer said in a statement, “We were very pleased with how we ended 2014. Most importantly, 2014 was a year in which we laid the foundation for TripAdvisor’s future. In addition to helping users plan a trip through our rich content, global travel community and price comparison tools, we have begun enabling more users to complete their booking in our three largest demand categories: hotels, attractions, and restaurants.”

He added that this year they’re focusing on scaling and promoting the expanded focus of the business.